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What is a rollover IRA and why should I consider opening one?
Frequently Asked Question
A rollover IRA is a retirement savings account specifically designed to receive transfers from a previous employer-sponsored retirement plan, such as a 401(k) or 403(b). Benefits include:
• Retention of tax-deferred status of your retirement savings
• Consolidation of your retirement accounts for simplified management and greater control
• A wider variety of investment choices, letting you find investments that more closely fit your financial goals and style
• Opportunity for your retirement savings to continue growing
(Subject to certain rules. Consult your tax advisor.)
